Companhia Siderurgica Nacional (BSP:CSNA3) LT-Debt-to-Total-Asset : 0.41 (As of Dec. 2023)

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What is Companhia Siderurgica Nacional LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Companhia Siderurgica Nacional's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.41.

Companhia Siderurgica Nacional's long-term debt to total assets ratio declined from Dec. 2022 (0.43) to Dec. 2023 (0.41). It may suggest that Companhia Siderurgica Nacional is progressively becoming less dependent on debt to grow their business.

Companhia Siderurgica Nacional LT-Debt-to-Total-Asset Historical Data

The historical data trend for Companhia Siderurgica Nacional's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Companhia Siderurgica Nacional LT-Debt-to-Total-Asset Chart

Companhia Siderurgica Nacional Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.46

0.50

0.35

0.43

0.41

Companhia Siderurgica Nacional Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.44	0.44	0.43	0.41

Companhia Siderurgica Nacional LT-Debt-to-Total-Asset Calculation

Companhia Siderurgica Nacional's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	37841.831	/	91529.72
	=	0.41

Companhia Siderurgica Nacional's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	37841.831	/	91529.72
	=	0.41

Companhia Siderurgica Nacional (BSP:CSNA3) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Companhia Siderurgica Nacional LT-Debt-to-Total-Asset Related Terms

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Companhia Siderurgica Nacional (BSP:CSNA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Companhia Siderurgica Nacional (BSP:CSNA3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SID:USA CQWA:Germany SID:Argentina

Address

Avenue Brigadeiro Faria Lima, 3400, 20th Floor, Sao Paulo, SP, BRA, 04538-132

Website

https://www.csn.com.br

Companhia Siderurgica Nacional is an integrated steel producer. The company operate throughout the entire steel production chain, from the mining of iron ore to the production and sale of a diversified range of steel products. It operates in five segments namely, Steel, Mining, Logistics, Energy, and Cement. It generates maximum revenue from the steel segment. Geographically, it derives a majority of revenue from Asia.

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